An increase in the price of gasoline above equilibrium will
A. Shift the gasoline supply curve to the right.
B. Cause a shortage of gasoline.
C. Cause a surplus of gasoline.
D. Shift the gasoline demand curve to the right.
Answer: C
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________ is the payment received for temporarily giving up the use of money
A) Loan B) Principal C) Interest D) Collateral
The figure above shows Sam's budget line. Which of the following would result in Sam's budget line rotating outward and not changing its horizontal intercept?
A) a fall in the price of a pound of coffee B) a rise in the price of a pound of coffee C) a fall in the price of a gallon of gasoline D) a rise in the price of a gallon of gasoline
The exchange rate regime that is best for most nations
A) is unclear. B) is fixed exchange rates. C) is floating exchange rates. D) is a mixture of fixed and floating regimes.
Drug trafficking leads to
A. a net outflow of money from the United States. B. a net inflow of money into the United States. C. no net outflow or net inflow.